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  1. December 2, 2013

    Saudi oil minister plays down talk of cuts to Opec production

    Ali al-Naimi, the Saudi oil minister, dismissed the idea of cuts to Saudi production on Monday as he arrived in Vienna for...

  2. June 2, 2011

    Opec considers increase in oil output

    Opec’s oil ministers will discuss raising production quotas when they meet in Vienna next week, a sign the cartel is...

  1. May 19, 2011

    Oil: insipid IEA vs toothless Opec

    They were hardly quaking in Riyadh after Thursday’s stern press release from Paris. In a rare statement from its governing...

  2. December 20, 2010

    Chevron builds up steam in the Middle East

    At OPEC’s 50th anniversary summit in October, Ali Al-Naimi, Saudi Arabia’s powerful oil minister, was at pains to denounce...

  3. November 4, 2010

    Prices receive fillip from weak dollar

    Commodities from sugar and coffee to copper and palladium surged to their highest levels in years as the dollar fell against...

  4. October 19, 2010

    Minister highlights Saudi ‘easy oil’ strength

    Ali al-Naimi, Saudi Arabia’s oil minister, has rejected suggestions that the era of cheaply explored oil is over, saying...

  5. January 12, 2010

    Saudi craving for oil comes at a price

    As Saudi Arabia 's economy has grown in recent years, industrial capacity and car ownership have increased exponentially...

  6. January 11, 2010

    Saudi craving for oil comes at a price

    As Saudi Arabia’s economy has grown in recent years, industrial capacity and car ownership have increased exponentially with...

  7. September 11, 2009

    IEA remains wary as forecast for oil demand is revised up

    Global oil consumption will contract less than previously feared this year and grow strongly in 2010, the developed...

  8. September 10, 2009

    Fall in oil demand expected to slow

    Global oil consumption will contract less than previously feared this year and grow strongly in 2010, the developed...

  9. December 17, 2008

    Saudis call for biggest Opec output cut in bid to halt declining prices

    Saudi Arabia yesterday called for the biggest production cut in the history of the Opec oil cartel in an effort to counter...

  10. December 17, 2008

    Saudi Arabia calls for record oil output cut

    Saudi Arabia yesterday called for the biggest single production cut in the history of the Opec oil cartel in an effort to...

  11. December 16, 2008

    Saudis call for record cut in Opec output

    Saudi Arabia today called on Tuesday for the biggest production cut in the history of the Opec oil cartel in an effort to...

  12. June 24, 2008

    View of the Day - Michael Wittner, Société Générale

    The Jeddah oil summit, hosted by Saudi Arabia on Sunday, turned out to be little more than a talking shop which will do...

  13. March 7, 2008

    Opec fears being left with massive overcapacity

    From Mr Peter K. Seldin. Sir, Your editorial "The makings of an oil supply crunch" (March 5) implores the Opec oil...

  14. November 27, 2007

    Opec to discuss rise in output

    Oil extended its retreat to below $94 a barrel on Wednesday in Asia amid hopes of a rise in production by Opec and fear of a...

  15. September 11, 2007

    Crude prices volatile priorto Opec ruling

    Oil prices hit back after early losses yesterday amid mounting speculation over whether increases in production quotas...

  16. September 10, 2007

    Speculation over Opec move grows

    Oil prices retreated on Monday amid mounting speculation over whether increases in production quotas would be agreed by the...

  17. March 16, 2007

    Nickel shines but Opec prompts oil price fall

    Nickel continued its record-breaking run yesterday and copper rose strongly but crude oil fell after the Organisation of...

  18. March 15, 2007

    Nickel shines but Opec prompts oil price fall

    Nickel continued its record-breaking run Thursday and copper rose strongly but crude oil fell after the Organisation of the...

  19. February 13, 2007

    Oil price fall after Saudi 'shot across the barrel'

    Oil prices dropped more than $2 yesterday after Ali al-Naimi, the energy minister of Saudi Arabia, warned that the...

  20. January 18, 2007

    Oil prices hit 20-month low as cuts are ruled out

    US crude prices fell to their lowest in 20 months yesterday after Saudi Arabiaeffectively ruled out any prospect of an...

  21. January 17, 2007

    Oil sinks towards $50 level

    US crude prices fell to their lowest level in 20 months on Wednesday after Saudi Arabia effectively ruled out any prospect...

  22. January 17, 2007

    Saudi stand further pressures oil prices

    Oil prices sank to a 19-month low yesterday after Saudi Arabia rejected calls for an emergency meeting of the Organisation...

  23. January 17, 2007

    Crude falls after prospects of Opec output cuts fade

    US crude fell sharply yesterday after Saudi Arabia poured cold water on the prospect of an immediate production cut by the...

  24. January 16, 2007

    Market Overview: Saudi stand pressures crude

    Oil prices sank to a 19-month low on Tuesday after Saudi Arabia rejected calls for an emergency meeting of the Organisation...

  25. January 16, 2007

    Oil falls sharply after Saudi comments

    US crude fell sharply on Tuesday after Saudi Arabia poured cold water on the prospect of an immediate production cut by the...

  26. December 5, 2006

    Temperature forecast puts chill on oil prices

    Oil prices fell yesterday after the US National Weather service said temperatures were likely to remain above normal over...

  27. December 4, 2006

    Opec signals likely crude output cut

    Oil prices fell on Monday after the US National Weather service said temperatures were likely to remain above normal over...

  28. November 28, 2006

    Dollar weakness could provoke metals rally

    Precious and base metals enjoyed continued support from the weakness of the dollar yesterday with traders asking if this...

  29. November 27, 2006

    Metals firmer on weaker dollar

    Precious and base metals enjoyed continued support from dollar weakness on Monday with traders asking if this could fuel a...

  30. October 20, 2006

    Rise in oil prices after Saudis back output cut

    Oil prices rose yesterday after Saudi Arabia declared its support for a 1m-barrel-a- day cut in actual output by the...

  31. October 19, 2006

    Oil firmer as Opec cuts output

    Oil prices rose on Thursday after Saudi Arabia declared its support for a 1m-barrel-a- day cut in actual output by the...

  32. October 12, 2006

    Uncertainty over Opec output cut subdues oils

    Oil prices were subduedyesterday amid continued uncertainty about the details of a production cut planned by the...

  33. October 11, 2006

    Oil rangebound awaiting Opec

    Oil prices were rangebound on Wednesday amid continued uncertainty about the details of a production cut planned by the...

  34. September 11, 2006

    IMF report urges US to raise petrol taxes

    The US, the world’s biggest energy consumer, should use the opportunity created by the recent drop in oil prices to raise...

  35. June 8, 2006

    Opec

    There is nothing quite like a free "put option" to allow investors to sleep easily at night. For crude oil bulls, in the...

  36. June 7, 2006

    Lex: Opec

    There is nothing quite like a free “put option” to allow investors to sleep easily at night. For crude oil bulls, in the...

  37. May 15, 2006

    Commodities retreat drags down global equities

    A sharp sell-off in commodities dragged global equities lower on Monday, with mining and oil stocks particularly badly hit....

  38. May 15, 2006

    Commodities slump on demand jitters

    Prices for crude oil, industrial and precious metals all retreated sharply from near-record levels on Monday over fears that...

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